Ames-based advanced biofuels maker Renewable Energy Group Inc. announced Tuesday that one of its subsidiaries has received approval from a Mississippi court to purchase certain equipment at a production facility in Columbus, Miss. Under the approved asset purchase agreement, REG Synthetic Fuels LLC paid $1.5 million, plus certain expenses related to equipment preparation, to acquire various physical assets at the KiOR Columbus LLC production facility. The acquisition includes a 12 million-gallon hydrotreating unit, distillation column and tankage. “These are quality assets we were able to purchase for a very good value,” said Brad Albin, vice president of manufacturing. “We plan to relocate and utilize the equipment for future advanced biofuel or renewable chemical projects.” 

   Read a recent feature about REG on BusinessRecord.com.